Taxes have always been one of the hardest things to do regardless of whether you run an enterprise or not. More so if you don’t have a degree in finance or accounting. Tax-related tasks aren’t easy, particularly when you’re packed with things to do. If you don’t have the funds to employ an accountant, performing the task on your own could be dangerous. If you overlook one thing, you might need to repeat the process!
Almost everyone wants to skip this step. But since it’s required and mandatory, there’s no other choice.
So , what is the best way to deal with it?
It is always possible to make life easier with tools such as TaxJar.
This article will take a look at this life-saving tool and explain how it can assist you. Although this is quite lengthy, you should be able to gauge whether TaxJar is what you need in the present.
Prefer watching videos rather than watch them? Take a look at this video by Marcus Stonelius on YouTube they also do a full review of the features offered by TaxJar.
But for those who prefer to read, then let’s dive right in.
What is TaxJar Volusion To TaxJar Connection
The company was founded in 2013 TaxJar is a platform that helps automate your filings, reports, and sales tax calculations. It’s a solution for all aspects of your sales tax cycle. Additionally, you can use it across all your sales channels to make sure you’re in compliance with sales taxes. It streamlines processes that require days to complete and can be completed in a matter of just a few minutes.
TaxJar is used in various industries like food and beverage businesses, SaaS, retail, services as well as medical institutions.
What can it do to help you?
TaxJar is widely used by business owners who run online businesses to keep everything simple and organized. Let’s explore the features and services offered by TaxJar.
Features and services
One of the most important things you’ll need to ensure is your tax-reporting platform is compatible in conjunction with the sales channels you use. If you’re selling through multiple channels, you must maintain everything in line. The last thing you want is to be penalized for overlooking just one minor detail.
TaxJar lets you display your critical metrics in one place. That way, there’s no need to gather data from different channels and sort it into one platform. All you need to do is to integrate TaxJar it will take care of the rest.
In addition, TaxJar also integrates with other platforms that can help with payments. Here’s a list highlighting the platforms they can integrate with:
TaxJar lets customers make sales tax filings by hand or using TaxJar’s AutoFile feature. In the purpose of this article, we’ll dig into both.
If you decide to go it alone, TaxJar will allow you to connect all the sales channels you use. When the time is right for filing income tax returns, the team will instruct you on managing the tax returns. But, it is up for you and your team to complete the process within the timeframe. TaxJar is there to help you understand what you have to do , but not to handle it.
If you prefer an Auto file, TaxJar will do the filling, which means you won’t need to fill out all forms by hand. With this feature, everything will be automated from calculating sales tax to recording and processing it. However, there might be additional charges if they are not included in the plan you choose.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to ease your accounting problems. The orders you place through your online channels can be put together into a single dashboard through this platform. Once you’re on the platform, you and your team will have access to everything you require, including a list of your transactions, reports and the data.
The greatest benefit of the feature you’ve chosen is it lets you to update automatically every day. They not only let to know the amount you’ve accumulated and how much you’ve earned, but they also let you track when your following payments are due.
Their dashboard can also allow you to see the total sales tax in your business. You can also export your data in a CSV file, if you want to use it in your process of financial planning and accounting or if you require it for central reporting.
Training and Streamlining
TaxJar helps organize and keep on top of all the channels you sell through. That means you won’t have to search for your documents when you need them when you’re in a pinch. Even if you already have your accountant, this function can aid them in being more efficient.
Moreover, knowing the estimates for your sales tax ahead of time will allow you to allocate your money more efficiently. You’ll be aware of the budget you have available for other operating costs.
But what’s even better is that TaxJar provides training and tutorials not only for their platform , but also all things connected to sales tax. Check out their webinars, guides and blog for more info. Apart from that their sales tax calculator is helpful if you’re planning on do everything on your own.
How much does TaxJar cost?
We are aware of how important it is to set your budget. Some platforms provide amazing features, but they can be too expensive for businesses. For this reason we’ll take a look at TaxJar’s pricing levels and the features that each of these plans can offer. Currently, TaxJar offers three plans: Starter, Professional, and Premium.
The Starter plan starts at $19. The company claims that it’s the best plan if you need help in filing and reporting. It comes with taxes on sales and sales as well as 4 free yearly AutoFiles, and an CSV import. Even with the starter plan, you will be able to access their AI tax tips.
If you’re a small company manager, the plan will be ideal for you. It might not include all the features offered by TaxJar but it comes with the essentials that you need.
In addition, you can reach their support team with their support chart for email. You’ll also have access to their integration tools.
If you’re looking to get a bit more than just the basics, then the Professional plan may be the best option for you. It starts at $99, but it can go higher when you add additional features.
What is the difference from the starter plan?
Apart from having access to all of the Starter plan’s features, you also get access to their phone customer support, API access, and the ability to do advanced CSV import. They also allow you to receive 12 free AutoFiles every year.
If you own a huge business, you might need to opt for an upgrade instead. It includes all of the features that you require to make your tax filing easier. Additionally, they permit unlimited import integrations of data API integrations, team members, and AutoFiles.
They also have a staff that is devoted for managing the account. However, they don’t disclose the amount that the Premium plan is going to cost. Volusion To TaxJar Connection
But they did state that this plan is tailor-fit to each user. So the costs will vary depending on what you need to run your business.
Fortunately, you don’t need to risk your money to find out if the platform is for you. If you’re still looking into other options, they have 30 days of free trial. It should give you enough time to see if the platform is a good fit for you.
Pros and Cons
After we’ve gone over everything you must be aware of TaxJar let’s take a break. To sum it all up, here are the advantages and disadvantages of the use of TaxJar for your business.
- There is a Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Offers Taxes on sales online calculator
- Has support service team
- The dashboard is simple to navigate
- The company offers a 30-day trial for free.
- It can be integrated with other platforms.
- You can track several sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature.
- Only applicable to USA customers
- Needs accountants and owners to review local laws
The Final Verdict
With everything laid down, TaxJar provides a fantastic platform to companies that have multiple sales channels and uses numerous platforms. If that’s what you do, then you must try TaxJar.
It’s not just a way to help you track your revenue and products however, it will help you meet your deadlines. It is also a great option for accountants as they offer the Tax Advisor program. There are tips to follow and get knowledge from their seminars about taxes through it.
Utilizing TaxJar can help you reduce time and keep the track of each deadline and obligation you have to meet. If you’re in a place with complicated tax regulations, this will definitely help you get your head around it. Volusion To TaxJar Connection
However, if managing your taxes is straightforward If it isn’t, then TaxJar might not be a good expense. If you only have one or two sales channels, TaxJar won’t be needed to keep track of all of it. In addition, if you find the entire procedure simple to follow, you might be better in doing it all on your own.
FAQ Volusion To TaxJar Connection
What are the areas in which TaxJar offer API assistance?
TaxJar is currently assisting countries such as those of the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify together with TaxJar?
Yes. You can link your Shopify account with TaxJar for easier monitoring and updates.
Do I have the ability to convert every kind of currency using TaxJar?
Unfortunately, no. TaxJar does not convert currencies. All transactions are in US$. If you’re using a different currency, you’ll have to convert it into USUSD before TaxJar determines the tax.